
Over half of UK organisations to cut expenses amid rising government costs, survey finds
52% of UK businesses plan to cut expenses as rising taxes and government costs put pressure on budgets, according to a new survey of CFOs by…
Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the 'covid era' and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine's coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk

52% of UK businesses plan to cut expenses as rising taxes and government costs put pressure on budgets, according to a new survey of CFOs by…

Keir Starmer is under growing pressure from senior UK and EU figures to take a tougher stance against Donald Trump, as fears escalate that the US…

Anti-scam campaigners call for UK police to crack down on fraudsters, labelling scams a “penalty-free crime” amid rising fraud rates and global call centre investigations.

Prosecutions of tax evasion enablers in the UK have dropped by 75% in five years, with fewer than five cases in 2023–24. Critics warn HMRC’s enforcement…

US consumer spending rose 0.4% in February, missing forecasts as households cut discretionary purchases. Economists warn tariffs and inflation may weigh on growth.

Retailers are more optimistic about their profits and growth prospects than at any point in nearly a decade, according to new data from Lloyds Bank —…

Frasers Group has blocked Boohoo’s plan to rename its holding company Debenhams, intensifying tensions between the retail rivals. Boohoo vows to continue rebranding efforts despite setback.

The UK government is reviewing its £8bn R&D tax credit scheme, proposing mandatory pre-approval to curb fraud and improve access, following £4.1bn in losses to error…

Trump’s 25% tariffs on German car imports to the US may shift export focus to the UK, now a key market for both new and classic…

UK retail sales rose 1% in February, outpacing forecasts despite weak consumer confidence. Clothing and homeware drove growth, raising hopes of a Bank of England rate…

WH Smith has sold its 480 UK high street stores to Modella Capital for £76m, ending a 233-year legacy. Stores will be rebranded as TG Jones…

Individual Savings Accounts (ISAs) are a popular way to save and invest in the UK due to their tax advantages.

Plans to cut 10,000 civil service jobs could boost public sector efficiency and create new opportunities in change management, planning and innovation, says Policy by Murray.

Trump’s 25% tariffs on imported cars and parts hit European and UK carmakers hard, wiping billions off valuations and threatening exports. Experts warn of a major…

The UK faces nearly £600bn in debt interest payments over five years, according to the OBR, amid weaker growth, rising inflation and one of the highest…